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Advanced Ionics Secures $4.2 Million To Enable A New Era For Decarbonization Of Industrial Hydrogen Production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Advanced Ionics

Advanced Ionics, a leading provider of next-generation industrial electrolyzers that can produce hydrogen for less than $1/kg, today announced the closing of its initial financing of $4.2 million led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from SWAN Impact Network. By requiring significantly less electricity than other electrolyzers, Advanced Ionics uses low-cost renewables or nuclear energy to produce green hydrogen for less than the current cost of fossil fuel-derived hydrogen. With the funding, Advanced Ionics will accelerate its product development roadmap and scale-up, and implement pilot projects with customers.

Read more at Advanced Ionics News